Insight from an advertiser turned art dealer… if you thought the economy was bad now, it’s about to get even worse. Sotheby’s and Christie’s reporting 50% decrease in revenue for the first time since 2008 today.

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How does this indicate future economic impact?

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Less discretionary spending, even the rich are feeling a pinch and pulling back, etc. Basically OP is using this data point as a proxy metric.

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So that Mona Lisa frown isn’t being turned upside down is what you’re telling me.

funny

I mean, wasn’t there a lot of fraud being revealed with the Salvador Mundi?

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